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. () - Chairman Speech

Company chairman speech

DECCAN CHRONICLE HOLDINGS LIMITED
ANNUAL REPORT 2010-2011
CHAIRMAN'S REPORT
Dear Shareholders,
Your company has had a verysignificant year in terms of its geographical
spread as far as the core print business is concerned by entering and
publishing from Kerala, we have completed the last mile in coverage of
thefour states of South India and have emerged as the undisputed no. 1
English daily in South India.
The growth in revenues this fiscal has been challenging both for your
company and the nation that is grappling with high inflation, high interest
rates and a looming threat of slowdown in the GDP growth coupled with not
so encouraging global economic environment as well.
This has been a further daunting task in the face of political
uncertainties in the southern states that your company operates in.
We have also witnessed a rising raw material cost that has not helped the
situation. Despite these, the management of your company and its committed
team has achieved satisfactory results and have made constant innovation to
mitigate the risks.
After three years, Deccan Chargers has a new team which is young in its
median age and committed to improve on the previous teams performance going
forward.
As I pen this letterto you, the country has had a good monsoon and we are
seeing decline in commodities prices which signal tapering inflation and
pause to interest hikes which will increase consumer spend and growth, that
gives us the confidence that from the last quarter of 2011 and first
quarter of 2012 wewill see the start of an up tick in revenues & profit
ability.
I take this opportunity to thank the support of your board of directors,
suppliers, employees and our millionsof readers.
Sincerely,
T. Venkattram Reddy
Chairman